23, PALMWOOD CLOSE, GONERBY HILL FOOT, GRANTHAM, NG31 8GN - £202,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

23 PALMWOOD CLOSE is a very small extended semi-detached house of 70m², built sometime between 1991 and 1995. It was last sold for £202,000 in June 2022, which was around 45% below the average June 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

23 PALMWOOD CLOSE Sold Prices

Land registry data shows five sales for 23 PALMWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. All of the five 23 PALMWOOD CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 10 JUN	£202,000	£367,589	45% below HPI
2018 2 AUG	£128,000	£304,523	58% below HPI
2009 7 AUG	£115,500	£201,921	43% below HPI
2004 27 AUG	£114,000	£207,757	45% below HPI
1997 11 DEC	£47,000	£83,390	44% below HPI

23 PALMWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The five 23 PALMWOOD CLOSE sales between December 1997 and June 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2018 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the June 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 23 PALMWOOD CLOSE?

23 PALMWOOD CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses by size in Grantham, and where 23 PALMWOOD CLOSE lies on this distribution: 10% of detached houses are smaller than 23 PALMWOOD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Grantham.

23 PALMWOOD CLOSE: Plot and Title Map

23 PALMWOOD CLOSE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 23 PALMWOOD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 23 PALMWOOD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 23 PALMWOOD CLOSE?

23 PALMWOOD CLOSE is located in GONERBY HILL FOOT, in the NG31 postcode district. The below map shows the position of No. 23 on PALMWOOD CLOSE.